Neighborhood Stabilization Program

Idaho received a total allocation of $21.6 million dollars under the 2008 Housing & Economic Recovery Act. Idaho Housing and Finance Association (IHFA) is the designated administrator of the NSP program.

IHFA awards Neighborhood Stabilization Program funds to program partners who acquire, rehabilitate, and then sell foreclosed or abandoned properties in targeted areas throughout Idaho. The households must be income qualified. Participating partners are Idaho nonprofit developers and municipalities who have been selected through an application process. NSP Homeownership Assistance is based on the buyer’s documented need, income, and other qualifying criteria as determined by IHFA.

Note: Each borrower must take the a minimum of eight (8) full hours of the classroom education for the Finally Home!® Homebuyer Education Class. The online class course does not satisfy the Neighborhood Stabilization Program requirements. Click here for Finally Home!® class schedules statewide.

Plans and Reports

NSP 1

• NSP 1 Quarterly Report
• NSP 1 Substantial Amendment Plan
• First Revision to the Substantial Amendment
• Second Revision to the Substantial Amendment
• Third Revision to the Substantial Amendment

NSP 3

• NSP 3 Quarterly Report
• NSP 3 4th Amendment to Action Plan
• NSP 3 Substantial Amendment Plan
• First Revision to the Substantial Amendment
• Second Revision to the Substantial Amendment
• Third Revision to the Substantial Amendment

Rental Property Activity

• Tenant Lease Prohibitions
• Tenant Rental Application (Sample)
• Tenant Approval Submission Checklist
• Tenant Income Certification
• Instructions for Completing Tenant Income Certification
• Income/Asset Declaration Information (Sample)
• HUD’s Technical Guide for Determining Income and Allowances
• Ethnicity & Race Data Collection Form

NSP HOME Rent and Income Limits listed here

CONTACT

HOME Programs
Local: 208.331.4700 or Toll Free 855.505.4700
homeprograms@ihfa.org

Questions may be directed to:
kimberlyd@ihfa.org